debt
confidence high
sentiment positive
materiality 0.60
Calix terminates Loan and Security Agreement with Bank of America; no amounts outstanding
CALIX, INC
- Terminated Loan and Security Agreement with Bank of America, N.A. and other lenders effective January 6, 2022.
- No amounts were due or outstanding, resulting in immediate termination.
- Lenders' security interests in substantially all of Calix's assets were also terminated.
- Removes debt obligations and frees assets from collateral.